---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-024897"
form_type: "8-K"
ticker: "XPER"
cik: "0001788999"
company_name: "Xperi Inc."
filed_at: "2025-02-21T23:59:59+00:00"
generated_at: "2026-05-26T07:07:08.848593+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Xperi enters $55M receivables securitization facility with PNC Bank

## Summary
- Maximum borrowing capacity of $55M based on eligible trade receivables.
- Facility structured through newly-formed SPV subsidiary Xperi SPV LLC.
- Agreement dated Feb 21, 2025; terminates Feb 21, 2028, unless earlier.
- Interest based on Term SOFR or Daily 1M SOFR; customary fees and covenants.
- Obligations of Xperi SPV are non-recourse to Xperi, but Xperi guarantees performance.

## SEC filing metadata
- accession: 0000950170-25-024897
- form_type: 8-K
- ticker: XPER
- cik: 0001788999
- company_name: Xperi Inc.
- filed_at: 2025-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788999/000095017025024897/0000950170-25-024897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788999/000095017025024897/xper-20250221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-024897
- JSON: https://secwatch.observer/filing/0000950170-25-024897.json
- Plain text: https://secwatch.observer/filing/0000950170-25-024897.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.